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Story summary
- Restaurant Brands International (RBI) and Chinese firm CPE announced a venture to expand Burger King in China, with CPE investing $350 million for 83% and RBI holding 17% and a board seat.
- It aims to grow Burger King locations in China from 1,250 to 4,000 by 2035.
- This move follows RBI's $158 million buyout of its partners amid China challenges.
- Deal is expected to close in 2026, pending regulatory approval.
